CBRE: Prime plots cheaper
Landowners in prime Sukhumvit areas are offering land prices 30% lower than previous years as condo developers delay purchases, according to property consultant CBRE Thailand.
Sansiri is moving into the more affordable market by launching low-priced condo projects this year, aiming to have 1.5 billion baht in residential sales from a campaign with Bar-B-Q Plaza.
Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects.
Landowners in prime Sukhumvit areas are offering land prices 30% lower than previous years as condo developers delay purchases, according to property consultant CBRE Thailand.
Despite uncertainties, SET-listed developer Sansiri Plc will launch 24 new residential projects worth a combined 26 billion baht in 2021, doubling the number of projects the company unveiled last year, with a shift to the low-priced segment.
The Treasury Department is preparing to sign a contract for the Mo Chit Complex project worth 26 billion baht, after 25 years of delays.
SET-listed developer AP Thailand Plc continues its focus on single houses and townhouses to drive presales growth for another year, planning to launch 34 new projects worth a total of 43 billion baht, with 30 sites in the low-rise segment.
After freezing new project launches last year, SET-listed developer Ananda Development Plc will open five condo projects in Bangkok worth a combined 24.4 billion baht in 2021.
SET-listed developer NC Housing will continue launching low-rise housing with seven new projects worth a combined 5 billion baht in 2021 as the segment surpassed the sales target last year.
SET-listed developer SC Asset Corporation plans to invest 25 billion baht in 2021-22 for the acquisition of at least 30 new plots to develop residential projects worth a combined 35 billion baht.
Sansiri is moving into the more affordable market by launching low-priced condo projects this year, aiming to have 1.5 billion baht in residential sales from a campaign with Bar-B-Q Plaza.
Land prices in Greater Bangkok are projected to rise at a rapid rate in the second half of 2021, in part because of the forecast of an economic recovery.
More than half of this year's new housing loan target of 215 billion baht will be provided with low interest rates to help low-income earners to purchase their own homes, says GH Bank.
Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects.
Landowners in prime Sukhumvit areas are offering land prices 30% lower than previous years as condo developers delay purchases, according to property consultant CBRE Thailand.
